The fair market value of long-term debt a is never shown on, Ask an Expert

Accounting

The fair market value of long-term debt:

A) is never shown on the financial statements.

B) is shown on the financial statements if it results in the company has an operating loss.

C) is required to be reported on the financial statements.

D) is reported in the financing activities section of the statement of cash flows.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M949835

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